EURUSD at fresh lows, further weakness ahead
Despite volatility in the EURUSD pair is at multi-month lows, the euro failed to hold at the 1.10 handle and dipped to early October lows around 1.0980 on Friday....
RBA to stay on hold, the wording will matter
Ahead of next week’s RBA policy meeting, AUDUSD continues to bleed, with the pair refreshing Mid-October lows below 0.68 these days. Weakness in the aussie is primarily due to...
What to expect from OPEC meeting next week
Ahead of next week’s OPEC crucial meeting, traders refrain from major trading decisions, with Brent crude staying in a consolidative mode these days. Also, trading activity is muted due...
Bleak Economic Data Did Little to Support Euro
The euro continues to struggle for direction on Thursday, with tepid upside attempts attracting sellers for over a week already. As such, EURUSD stays close to the 1.10 handle which was briefly...
Bitcoin is yet to get back on a solid footing
Bitcoin price was rejected from six-month lows around $6,500 on Monday. Since then, the leading cryptocurrency doesn’t leave attempts to form a bottom and regain the upside momentum. Recently, ...
Gold Could Recoup Losses in the Longer Term
Gold prices dipped 0.5% on Wednesday to finish at $1,454 amid another record close on Wall Street and a stronger dollar. Traders cheered solid economic data out of the United...
Dollar Bulls Celebrate as US Economy in Good Shape
Dollar gained across the board after a series of
fresh updates out of the United States painted a fairly positive
economic picture. The two key metrics – GDP and durable goods orders...
China’s Economy Continues to Shows Signs of Weakness
On Wednesday, China released fresh data which confirmed further weakness in the world’s second largest economy. Industrial profit for October plunged 9.9% versus -5.3% in the previous month. It...
AUDUSD on the Verge of Breakdown
AUDUSD bounced from a mid-October low of 0.6767
yesterday and struggled for direction on Wednesday, with the downside
bias still prevails in the daily charts. The pair extends the retreat
from the...
Bitcoin Looks Attractive for Long-Term Investors
After a long losing streak, Bitcoin seems to have found a local bottom and tries to make a bounce from multi-month lows registered around $6,500 on Monday. BTCUSD started...
